Summary by Futu AI
Chaikosheng Technology Co., Ltd. (the “Company”) announced on March 21, 2024 that under its Restricted Share Unit Award Scheme, a total of 2,099,133 units of restricted shares were granted to 7 underwriters, representing approximately 0.18% of the Company's issued share capital. This restricted share unit will not result in dilution of existing shareholders' holdings and the grantor will not be required to pay for this. The restricted share units granted will be held by Three D Partners Limited until they are transferred to the grantor after the affiliation conditions set by the Board of Directors are satisfied. The market value is approximately HK$5.18 million to HK$5.35 million, depending on the market price of the shares before and after the date of issue. The lock-in period for the restricted share units is three years, and the date of the initial unlocking will be decided by Mr. Liu Chunhe, who is authorized by the Board of Directors. There are no affiliates of the Company among the assignees granted by this grant.